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Market would see reversal and would enter into negative zone once it closes below 9780 for Nifty If that happens then market would again test its immediate lows of 9700 in days to come.
We would see breakout if Nifty closes above 8850 levels whereas a sharp breakdown would be seen if it closes below 8730 levels.
Nifty is still below 8900 levels and traders can still continue short until Nifty closes above 8968 levels.